Coty (COTY) insider files late Form 4 for 7K sale, 20K buy
Rhea-AI Filing Summary
Coty Inc. director filed a Form 4 reporting previously unreported trades in Class A common stock. On 12/12/2022, an entity affiliated with the director, THB s.r.l., sold 7,000 shares at $7.90 per share, leaving it with zero indirectly held shares. On 10/08/2023, the director purchased 20,000 shares at $9.28 per share, resulting in beneficial ownership of 20,000 directly held shares. The filing states these transactions are being reported late due to an inadvertent administrative error and confirms the report is filed by one reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A common stock | 20,000 | $9.28 | $186K |
| Sale | Class A common stock | 7,000 | $7.90 | $55K |
Footnotes (1)
- Due to an administrative error the reporting person inadvertently failed to report the sale of these shares at the time of the transaction. This Form 4 is being filed to both report the late transactions and correct total ownership. Due to an administrative error the reporting person inadvertently failed to report the acquisition of these shares at the time of acquisition. This Form 4 is being filed to both report the late transactions and correct total ownership.
FAQ
What insider transactions did COTY director report on this Form 4?
The director reported a sale of 7,000 Class A shares at $7.90 on 12/12/2022 through THB s.r.l. and a purchase of 20,000 Class A shares at $9.28 on 10/08/2023.
Were any of the COTY director’s transactions reported late on this Form 4?
Yes. The document explains that both the sale and the purchase are being reported late due to an inadvertent administrative error.
What is THB s.r.l.’s role in the COTY Form 4 transactions?
THB s.r.l. is listed as the vehicle for the 12/12/2022 sale, with the shares held as indirect beneficial ownership by the reporting person.
Is this COTY Form 4 filed by one or multiple reporting persons?
The Form 4 indicates it is filed by one reporting person, not a joint or group filing.
What is the relationship of the reporting person to Coty Inc. (COTY)?
The filing identifies the reporting person’s relationship to Coty Inc. as a director.